Karur Vysya Bank jumps on reporting 58% rise in Q4 net profit
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Karur Vysya Bank is currently trading at Rs. 97.50, up by 1.15 points or 1.19% from its previous closing of Rs. 96.35 on the BSE.
The scrip opened at Rs. 96.01 and has touched a high and low of Rs. 99.43 and Rs. 95.70 respectively. So far 364590 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 116.00 on 15-Dec-2022 and a 52 week low of Rs. 41.75 on 16-May-2022.
Last one week high and low of the scrip stood at Rs. 99.43 and Rs. 93.91 respectively. The current market cap of the company is Rs. 7808.12 crore.
The promoters holding in the company stood at 2.24%, while Institutions and Non-Institutions held 48.71% and 49.04% respectively.
Karur Vysya Bank has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The bank has reported 58.25% rise in its net profit at Rs 337.82 crore for fourth quarter ended March 31, 2023 as compared to Rs 213.47 crore for the same quarter in the previous year. Total income of the bank increased by 34.33% at Rs 2169.13 crore for Q4FY23 as compared to Rs 1614.75 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the bank has reported 64.29% rise in its net profit at Rs 1106.09 crore as compared to Rs 673.27 crore for the previous year. Total income of the bank increased by 20.75% at Rs 7675.49 crore for year under review as compared to Rs 6356.73 crore for year ended March 31, 2022.
